Polymorphic Pharmaceuticals and Fine Chemicals Essay

Polymorphic Pharmaceuticals and Fine Chemicals - Essay Example The most commonly noticed forces in crystals are the weak Van der waals forces. Consequently, the melting point of crystals is never very high (1, 2). Structures of many substances, including crystals, vary with temperature. This ability of various substances to exist in more than one form is known as Polymorphism. Allotropy is a synonym for polymorphism and is usually used in the context of elements. Dimorphism is the word reserved for a substance that exists in two forms. Yet another definition exits for polymorphism. It also refers to the multiple crystals that might form owing to improper solvents used during the process of crystallization. Structures of almost all substances consist of bonds, which can be intermolecular or intramolecular. In these, occasionally, one finds that hydrogen (H) bound to a strongly electronegative element (X) acquires a positive charge owing to the bond polarization by the electronegative element (represented as X- H+). Such a polarity charged hydrogen is available for interaction directly with the electronegative elements of adjacent molecules, and the resultant intermolecular bond is referred to as Hydrogen Bond (1,2) represented as three dots: It is this hydrogen bond that accounts for the unusually high boiling points of some liquids, viz., Water (H2O), Hydrogen fluoride (HF), etc. Hydrogen bond is also involved in dimer formation as in carboxylic acid, and is the bond responsible for the stability observed in nucleic acids. When hydrogen bonding is present in crystals, it significantly affects the crystal molecular geometry (2). Thus, hydrogen bond profoundly influences the physical and chemical properties of various substances. Continuing the discussion on similar lines, in a covalent bond, the electrons between atoms or groups with different electronegativities tend to be polarized towards the more electronegative constituent. In such situations, a partial charge can be attributed to the constituents owing to the partial ionic nature of the bond. The ability of an atom in a molecule to attract electrons towards itself is termed electronegativity (EN). The ionic character of the bond can be used as a measure of the magnitude of this effect (the partial charge/EN). When the effect is small, the bond is referred to as a polar bond and treated using dipole moments (DM). Covalent bonds are expected to have a DM of zero, provided the electrons are shared equally by the two atoms (1, 2). In a way, DM is a quantitative measure of polarity, with Debye as units. If bond angles are known, DM is estimated by vector addition of individual bond moments. Possession of a dipole moment permits direct interaction with electric fields or with the electric component of radiation (1). With measurements comes mathematics. Whenever a process/object/concept is characterized in terms of mathematics, relatively simple manipulation of variables can be achieved fundamentally to determine how the process, object or concept behaves in different situations. Such an exercise is traditionally referred to

Social scientific approach Essay Example for Free

Social scientific approach Essay Topic: What according to Whitelam (1998), Dutcher-Walls (2009) and Steinberg (1995) is a social scientific approach to the OT? How does this approach help us understand Judges 9 better? Introduction: The aim of social scientific criticism, as a subfield of biblical exegesis, is to study the biblical materials as a reflection of their cultural setting. The meaning and/or the social background of the text are thus more fully illumined by the exercise of sociological and anthropological methods and theories. The era of modern social-scientific research began in the late 19th century with the work of Karl Marx, Auguste Comte, and Herbert Spencer. Their social theories created an atmosphere of curiosity about the human condition and advanced the evolutionary perspective that had taken hold with the writing of Charles Darwin. As sociology and anthropology emerged as separate sciences. Social scientific criticism is an interpretive method that uses heuristic models from the social sciences to understand the social context of ancient Israel and to interpret texts create within that context. From 1960’s there develops some of the Social groups, cultural relationships, patterns of behaviour, political structures which all of them are under the topic social criticism. As I have stated above that in 19th century many of the scholars were very much interested on the issue of social. In 1970 they were uses of the social criticism methods from variety of situations, and especial the one of sociology , which stress the life between social behavior of the people during the time of the old testament. Which has emerged is how scholars might have access to the ancient past and the multifaceted social world of ancient Palestine and the Mediterranean. The quest of the social world of the bible Those who were travelling from the east they reported about the culture that hey were seeing in different with the one of the western culture. Exactly after the important influence from the Palestine archeology of the nation , when they publish the thing. For the early scholar this things about the quest of the social world became an important thing for them to consider. For them to understand the west text, they reconstruct the history and the social , which is out of the bible. They tried to study in order to understand the social and political from the bronze age from Palestine , of the time of the roman empire. The bible and its social world In order to understand the different directions which now characterize the new quest, it is important to understand the convergence of a series of influential trends whose combined force has transformed biblical studies in the latter part of the twentieth century. It was the result of the convergence of new intellectual currents in psychoanalysis, linguistics and philosophy which helped undermine the authority and the stability of established disciplines and their previously thought assured results. The rise to prominence of newer literary studies within biblical studies was part of this general movement. The publication of Robert Alter;s The Art of Biblical Narrative and David Gunns The Fate of King Saul and The Story of King David had a profound effect on the way in which biblical narratives were read as artful constructions. Thus the books of Samuel, for instance, were increasingly understood as skilful and serious literature rather than primary sources for the monarchy of Saul and David. Many biblical books which had previously been considered to be historical, in the sense that they preserved a reasonably accurate picture of the history of ancient Israel or later communities, became the subject of detailed literary treatments. Furthermore, developments in historical studies in general, allied to increasing archaeological data from the region, raised serious questions about the world of ancient Palestine and the Mediterranean as it had been understood. The result was a general disillusionment with previous historical studies, which were seen to be too limited in scope or theologically motivated. The search for the social world of the Bible since the nineteenth century had been closely identified with the history of Israel through to the first century C E. The gradual and ever-increasing erosion of this history, its increasing divorce from the biblical texts was the catalyst for fresh attempts to explore and reconstruct the social world of ancient Palestine and the Mediterranean world. The appeal to the social sciences was an attempt to recover the many aspects of society which were not mentioned in the texts but which formed an essential element in the social world from which they emerged. The appeal to archaeology, sociology and anthropology, in particular, was seen as addressing some of the deficiencies in the biblical texts as sources for their own social world. This was paralleled by an increasing interest in the social production of the biblical literature, its ideological aspects, the factional disputes which lay behind it and the social and political world it represented or reflected. The trends and directions in current research which constitute the new search for the social world of the Bible are much too varied a phenomenon to be categorized by a single phrase such as the sociological approach. It is ironic that the new search for the social world of the Bible, initiated by Mendenhall and Gottwald, has resulted in a redefinition of the biblical period which has severely restricted its chronological limits. Earlier in the century, it was understood as stretching over two millennia from the early second millennium to the end of the first century CE. The impact of literary studies, which increasingly questioned the relationship of the complex of biblical narratives from Genesis to 2 Kings to history, has undermined confidence in the construction of vast periods of Israelite history. The result has been the loss of the Patriarchal and Conquest periods from many historical accounts and an increasingly fierce debate over the nature of the settlement and early monarchic periods. Ironically, therefore, the very search for the world of the Bible which informed many of these revisionist studies of the history of Israel has resulted in the removal of several centuries previously attributed to that world. The conviction that the Hebrew Bible was the product of the Persian and Hellenistic periods has underpinned this radical shift. R. P. Carroll states baldly what many biblical scholars have been coming to accept for a long time: The Hebrew Bible is the product of the second Temple period. This ought to be an uncontentious statement, but I imagine some unreconstructed biblical scholars may wish to contest it in favour of a First Temple period origin for the Bible with some appendices from the time of the second Temple. While I can see that there may be something to be said for the view that the Bible contains fragments of material from before the collapse of the temple in the sixth century, the claim that the Bible as we know it (i. . the fully redacted final form of the various books constituting it) comes from the Second Temple period seems to me ungainsayable. The implications of this conviction are highlighted by P. R. Davies when he writes of the desire to see the biblical period properly defined as the period in which the Bible was written or, more correctly, when the literature in its biblical form was compo sed, since by its very nature, the Bible, being a collection of scriptures, was not written, but ratified by consent or decree or both (and thus, of course, the term biblical authors is also misleading). The implication of this now widespread conviction, a return to the position of Wellhausen in many ways; is that if the Bible is the product of the Persian, Hellenistic and Roman periods, then the search for the social world of the Bible should be restricted to those periods. The key problem which has emerged, and which dominates all attempts to understand the social world of the Bible, is the complex relationship between texts and their social worlds. The legacy of literary studies has been to undermine confidence in the assumption that the world of the texts coincided with the views of the past they portrayed. However, dating the final form of these texts to the Persian and Hellenistic periods or first-century Roman Palestine does not solve the problem of their relationship to the socio-historical backgrounds or ideological influences which shaped them. The methodological problems have multiplied and sharpened on how to investigate periods where there is insufficient (literary) evidence, particularly for the Late Bronze and Iron Ages, and how to bridge the gap between text and social reality in the Persian to Roman periods. The biblical traditions can no longer be understood as simple reflections of earlier historical reality. Rather they offer a valuable insight into perceptions of that reality from particular points of view at the time of the writers. This is not to suggest that such texts may not preserve some authentic memories and information about the past but these are increasingly difficult to assess. The relationship between the text and society is considerably more complex than the common binary opposition between literature and society, text and context. For example, the social practices presented in a text may not correspond to any such practices in reality: they may be an attempt to subvert current social practices. How far a text subverts the dominant or some other perception of reality or represents a dominant view depends on its relationship to other pieces of literature, monuments, artefacts, etc. that can reveal important comparative information about social attitudes or perceptions of reality. Many New Testament scholars, in particular, have appealed to the social sciences in order to try to understand the implications of key concepts in New Testament literature in terms of its wider social setting. However, Carroll offers an important reminder of the inherent difficulties in such attempts to move from textual levels to social world. It is ironic that as the focal point of the social world of the Bible has shifted from the Iron Age to Persian, it has become evident that very little is known about the social and historical background of the Second Temple period. It is for this reason that scholars appeal to social-scientific studies and data in order to try to make sense of the fragmentary and partial textual and art factual data available. Carroll concludes that the gap between texts and the real world remains as unbridgeable as ever. 16 However, the biblical texts offer access to the privileged conception of reality of a literate stratum of society revealing little or nothing of the sub-literate culture, to use Eric Hobsbawms phrase, or the deep-seated movements of history. As such, the value of these texts as a source for the historian is not so much in terms of the past they purport to describe but as such an insight. They are important, therefore, as much for what they choose to leave out as for what they include. The multi-layered nature of the texts, their adaptability and vitality means that the historian needs to ask how they shaped and were shaped by their different contexts, what audiences they address, and what other possible constructions of the past they deny and thereby silence. The appeal to social scientific models and data drawn from social and cultural anthropology, sociology, economics, politics, archaeology or cultural studies has been instrumental in helping to uncover the social world of ancient Palestine and the Mediterranean. Society and history There are more inclusive history of Palestine, but though it cannot rely on the perspective of the elite. They were people of late bronze age and its transition was very much slow and poor. They were mixing up of the local , Palestine and Egyptian history and the society, were the interpretation of the text and the languages used sometimes were not that easy as they were staying together. The quest for the social world of the Bible has been one of the major goals of biblical scholarship since the early nineteenth century. Travellers reports from the Middle East of a culture radically different from that of the West; along with the increasing excitement of reports in the national press of archaeological discoveries in Palestine; captivated audiences across Europe and the USA. Such developments offered the prospect of revealing the world from which the Bible had emerged in the ancient past. Monumental works such as George Adam Smiths historical geography of Palestine brought alive an ancient landscape on which the biblical events were played out. At the same time; biblical scholars were trying to reconstruct the history and social contexts out of which the Bible arose in order to understand a foundational text for Western culture. The critical methods which emerged were designed to date and locate the biblical texts, or their constituent parts; in specific historical contexts in order to reveal their meaning.

Indias Construction Equipment Industry Analysis

Indias Construction Equipment Industry Analysis Abstract This research was an attempt to assess the current status of Indian construction equipment industry and the underlying opportunities and challenges. However, the aspects and objectives that were dealt in the research are; the current structure, status, competition, financing opportunities and challenges of Indian construction equipment industry. The research was conducted wholly based on secondary data. Following are the key findings of the research. Indian construction industry has entered into a new phase, where prospect of the industry appears extraordinary bright. Indian construction equipment industry is passing through a phase of hurried renovation, where the shifting is taking place from low volume concentrated use of equipment structure to high volume explicit one. Apart from these, the current and future trend also shows that the key segments of construction equipment that will have potential market prospects are excavators, loaders, dozers, dumpers and cranes. The growth of Indian construction equipment industry is the outcome of the fast liberalization and globalization of the Indian economy and the construction sector. The real competition in Indian construction equipment industry has been created by foreign players such as Volvo, Komatsu and many others. These companies are leaving no stone unturned to exploit the opportunities in Indian industry. The industry is at the critical juncture (particularly for domestic players) and therefore companies need to equip with safety measures in relation to post WTO market setting. Introduction (Chapter 1) 1.1 Indian Construction Equipment Industry Background Historical Trends Construction and mining equipment cover a variety of machinery such as hydraulic excavators, wheel loaders, backhoe loaders, bull dozers, dump trucks, tippers, graders, pavers, asphalt drum / wet mix plants, breakers, vibratory compactors, cranes, fork lifts, dozers, off-highway dumpers (20T to 170T), drills, scrapers, motor graders, rope shovels etc. They perform a variety of functions like preparation of ground, excavation, haulage of material, dumping/laying in specified manner, material handling, road construction etc. These equipment are required for both construction and mining activity. With a wide production capacity base, India is perhaps the only developing country, which is totally self-reliant in such highly sophisticated equipment. India has only a few, mainly medium and large companies in the organized sector who manufacture these. The technology barriers are high, especially with respect to mining equipment and therefore the role of SME’s is restricted to manufacture of components and some sub-assemblies. Prior to the 1960s, domestic requirements of mining and construction equipment were entirely met by imports. Domestic production began in 1964 with the setting up of Bharat Earthmovers Ltd. (BEML), a public sector unit of the Ministry of Defence, at Kolar in South India to manufacture dozers, dumpers, graders, scrapers, etc. for defense requirements under licence from LeTorneau Westinghouse, USA and Komatsu, Japan. In the private sector, the Hindustan Motors’ Earthmoving Equipment Division, was established in 1969 at Tiruvallur, near Chennai with technical collaboration from Terex, UK for manufacture of wheel loaders, dozers dumpers. This factory has since been taken over by Caterpillar for their Indian operations. The machines manufactured by Caterpillar in the Tiruvallur factory are marketed by TIL and GMMCO. In 1974, LT started manufacturing hydraulic excavators under license from Poclain, France. In 1980 and 1981, two more units, Telcon and Escorts JCB commenced manufacture of hydraulic excavators (under license from Hitachi, Japan) and backhoe loaders (under license from JCB, UK) respectively. Escorts JCB has been taken over by JC Bamford Excavators Ltd. U.K. in 2003 and is now called JCB India Ltd. Volvo and Terex Vectra is the most recent entrants in the Indian market. Volvo has set up their manufacturing unit in Bangalore. At present they are only manufacturing tippers and the other equipment are imported from their parent company and marketed in India. Terex Corporation USA and Vectra Ltd. U.K. have formed a joint venture, which has started manufacturing construction equipment like backhoe loaders and skid steer loaders from May ’04 at Greater Noida with an investment of USD 12 million. Other equipment in the Terex range are being sold through their agents in India. Most of the technology leaders like Case, Caterpillar, Hitachi, Ingersoll-Rand, JCB, John Deere, Joy Mining Machinery, Komatsu, Lieberr, Poclain, Terex, Volvo are present in India as joint venture companies, or have set up their own manufacturing facilities, or marketing companies. The industry has made substantial investments in the recent past for setting up manufacturing bases, despite small volumes and uneconomic scales of production compared to global standards. 1.2 Aims and Objective and of The Study This research was aimed to assess the current status of Indian construction equipment industry and the underlying opportunities and challenges. The research was conducted on the foundation of following objectives To assess the current structure, status and direction of the Indian construction equipment industry. To assess the competition in Indian construction equipment industry To assess the financing of Indian construction equipment industry To assess the opportunities and challenges of Indian construction equipment industry To develop strategies for competitors (domestic players) in Indian construction equipment industry. To assess the technology, managerial, operational, of the Indian construction equipment industry. Literature Review Chapter 2 2.1 Introduction Construction equipment is machinery used to build and demolish bridges, buildings and other structures. These machines usually save labor, time and money. One of them can do more work in an hour than a hundred of workers using hand tools could do in a day. The chief kinds of building machines include earthmoving machineries hoisting, material handling machines and pumping machines. Other construction machinery used are for preparing the land and materials for construction. Demolishing machines are used to demolish structures and buildings. The Indian construction equipment industry today faces stiff competition, great opportunities and challenges, but India has a total command over all these things as according to confederation of the Indian industry report, 2005 as for engineering and capital goods base. The Indian engineering manufacturing sector has been growing at the rate of about 5.9% in the nineties. India today produces a variety of machinery whose range is quiet wide and deep. Rapidly increasing construction sector has been the indication of good times for companies manufacturing construction equipments. This project discusses the Construction Equipment industry in India. The structure of Construction Equipment industry in India has been well and truly detailed and mentioning all the requisite facts and figures. Also mentioned are all the factors influencing the Construction Equipment industry in India. A special mention of the suppliers list is made as suppliers are the inseparable part of the Construction Equipment industry in India. The important suppliers are JCB, Atlas, BEML, Caterpillar, Ditchwitch, Komatsu , Ashok Leyland, Escorts, Greaves Cotton, Ingersoll Rand, TETRA, Volvo, Besides all these Indian Equipment Financing companies such as Business Financing, SREI, HDFC , GE Capital, Indian Financial Services have also received requisite expression in this project. Also discussed at the end is about Construction Equipment industry in India facing problems, challenges and opportunities and its future. What India need is better infrastructure in order to progress. The government has also embarked upon massive road and pavement construction projects such GOLDEN QUADRILATERAL connecting / interlinking all four metro cities like Delhi, Mumbai. Kolkatta and Chennai The government decision to throw open the construction of roads, bridges, ports and airports to private sector and to allow 100% FII / FDI (Foreign Investments) in real estate projects like (EMAAR) has provided a boost to the industry thereby generating demand for construction machineries. Housing and infrastructure projects are expected to grow about 20% per annum for the next 15 years. 2.2 Current Status of The Industry Ramping up quality and quantity The Construction equipment industries are the biggest beneficiaries of the construction boom. Although the past few years have seen increased levels of mechanization and improved quality, Indian construction equipment and materials are still below international standards. The current status of the construction equipment industry is discussed below. The size of the construction equipment market current stands at between $2.5 billion and $3 billion and it is growing at an average rate of about 30 per cent year on year. It is expected that the industry will expand to $12-13 billion by 2015, including $2-3 billion of exports. This implies annual compounded growth rates in excess of 50 per cent between 2008 and 2015. The largest share of that growth will come from the domestic market driven on the demand side by increased infrastructure spending and on the supply side by the industry’s drive to increase mechanization and equipment penetration. The rest of the growth will come from the exports of components, services and equipment. The key infrastructure sectors that are expected to drive demand are roads, urban and residential construction and mining. Amongst the three modes of procuring equipment in India –that is, buying, leasing or renting – leasing is the most popular. While renting is suitable for projects of shorter duration, buying involves huge upfront payments. Constructions and mining equipment is manufactured by a few medium and large companies in the organised sector. The role of small and medium enterprises is restricted only to manufacturing of components and some sub-assemblies. Domestic production began in 1964 with the setting up of Bharat Earth Movers Limited (BEML), which is engaged in the manufacturing of dozers, dumpers, graders, scrapers, etc., for defence requirements. Some of the key players manufacturing equipment for the Indian market are LT, Telcon, Escorts, JCB India Limited, Ingersoll Rand, Greaves, Caterpiller, Komatsu, Joy Mining Machinery, Case, John Deere, Lieberr, Poclain, Volvo and Terex Vectra. These companies are present either through joint ventures, or have set up their own manu facturing facilities or have a marketing presence. BEML supplies equipment to nearly half the total market. Companies such as BEML and Caterpillar are leaders in dumpers and dozers while Larsen Toubro – Komatsu and Telcon lead in excavators and JCB India in backhoe loaders. In the last few years there has been some restructuring through acquisitions and joint ventures, which in turn, has reflected the interest of international majors in the domestic market. Many international players have also appointed selling agents for importing and selling equipment in India. Despite the growth, there are some inherent problems faced by the construction equipment industry. In India, the demand for construction equipment is more than the supply. Hence, most leading manufacturers have invested in India for manufacturing to meet this gap. The industry is trying to induct international levels of technology as demand and the scale of operations increases. However, the levels of mechanisation continue to be low compared to the international market. This is primarily because the Indian market cannot absorb the cost of latest technology. Since most the construction equipment is hydraulically operated, the Indian construction equipment industry has to predominantly depend on imports, primarily from European countries. The fluctuations of foreign exchange rates and the non-availability of adequate quantities of equipment are other constraints. Construction equipment manufacturers also struggle to cope with the low availability of trained manpower, not only for producing equipment but also for operation and maintenance. Manufacturers are doing their best to train not only their own employees but also customer’s operators and services technicians. Indirect taxes on construction equipment are quite high. These range between 21 and 38 per cent, based on interstate differences, compared to 20 per cent in France and Germany and between 12 and 17 per cent in Indonesia. The government could reduce this tax burden by eventually replacing all indirect taxes such as excise, sales tax, octroi and entry tax with a single tax. It is true construction companies have ramped up significant capacities in terms of equipment over the past few years. However, due to rapid growth, there is still a mismatch of supply and demand in terms of construction equipment. Delays in deliveries of equipment result in delayed mobilization and completion of projects. Further, prices of construction equipment have steadily increased over the past few years, partly due to the high demand, and partly due to increase in input costs. Domestic equipment has a 10-15 per cent higher downturn than imported machines. There is also a lack of skilled manpower to operate and maintain machines as the industry is largely dependent on unskilled labour. Another major issue that has becomes apparent is the financing of construction equipment. The concept of renting equipment has been mooted but the rental market in India is not very well developed. At present, there are very few players and tax issues also play a major role in this industry. The very first equipment bank in India –Quipo- has been fairly successful. However, with more world leaders expected to enter the renting domain and various models being worked out by rental companies, the situation is expected to improve in the future. In the future, one can expect major global manufacturers to enter the equipment arena by producing India-specific products while addressing factors such as quality, cost to customer and delivery. It is also essential to make available the easy hiring of equipment through a ready stock of good quality equipment. The last few years have witnessed a phase of restructuring in the industry through acquisitions and joint ventures. This also reflects the active interest of international majors in the domestic market. Many international players have also appointed selling agents for importing and selling complete equipment in India. The construction and mining equipment industry is dominated by a few large manufacturers in each product segment. BEML supplies to nearly half the total market. BEML and Caterpillar lead in dumpers and dozers while LT-Komatsu and Telcon lead in excavators and JCB India in backhoe loaders. 2.3 Structure of The Industry 71% of the sector comprises of public limited companies including PSU’s and 29% private limited, or joint ventures including closely held private limited companies.75% of the companies manufacturing in India were involved in the entire range of activities like design and engineering, manufacturing, erection, servicing and commissioning. There are only a few companies who act as selling agents for international players. There are others who manufacture and also import complete equipment or in SKD condition from their principals abroad and market them. Since each piece of the equipment in this product category has substantial value, a number of companies have a turnover of over 100 crores and the larger ones have a turnover above Rs.1000 crores. The technology barriers have made the industry less fragmented in the mining machinery sector whereas it is fragmented in the road construction equipment and the material-handling segments. The international trend in the earthmoving and mining segment is one of consolidation. This trend is also beginning to be seen in India. Some international companies are looking at the prospects of enhancing their market presence based on higher investment in mining and infrastructure and also using their Indian operations to meet demand in South and South East Asia. The industry’s expectations of the likely future evolution in this sector is represented here in graphical form. Most of the current players expect that new players will enter the Indian market. There is great need for improving infrastructure as it has been accentuated by the rapid growth in economy. Of late many development authorities, State government and even companies have started investing in infrastructure development projects. Though the volume of construction equipment in India is far too small compared to countries like china and also by global standards, India does produce a variety of construction equipments such as the earthmoving machinery used to excavate, land and level earth and rock, tractors, trailers, wagons, crawler tractors, bulldozers, scrapers, shovels, draglines, heisting and material handling machinery such as cranes and derricks, material lifts, pumping machines, demolition machinery and machinery used to prepare land and materials for construction. Today, there is much emphasis on infrastructure development. The government spends very little on infrastructure with the result India sells very little of any category of construction equipment. It is shocking to learn that china sells 10,000 excavators energy year but in India, we sell only about 1500. In terms of volume, the construction equipment industry is worth Rs. 4,000 crore. Whether it is roads, bridges, ports, airports, urban infrastructure, or power plants- civil construction has a very important role to play. The use of modern tools enables productive work. The rapidly increasing construction sector has been the forerunner of good times for companies manufacturing construction machineries and equipment. There has been a flow of demand for transit concrete mixers, bar- bending and cutting machines, excavators and backhoes and earth rammers on account of the substantial increase in real estate and construction activities. New and expanding housing and infrastructure construction ventures have generated a considerable demand for construction machinery manufacturing and servicing together with erection, commissioning and maintenance. More and more multinational companies are now entering the Indian market on their own strength, whereas previously the trend was to forge joint venture associations with Indian companies. Also, a major portion of the annual budget has been invested by the Central government in infrastructure, irrigation and mining projects across the country. Due to all these factors these has been a substantial increase in the utilization of construction machinery. The boom in the requirement of construction machinery has brought us several large orders from west Asian and African countries. Thus the exporters of construction machineries too have a boom period. Most of them have made huge profits due to the threefold increase. The demand for construction equipments has also risen because of major Indian construction works working on overseas projects. 2.4 Technology The construction equipment sector has a wide range of products The technology leaders in the construction equipment sector are: Komatsu,Caterpillar, Hitachi, Terex, Volvo, Case, Ingersoll-Rand, HAMM, Bomag, John Deere, JCB, Poclain, Bitelli, Kobelco, Hyundai and Daewoo. Except for the last 3, all the other companies are present in India either as joint ventures, or have set up their own manufacturing facilities, or marketing companies. In the mining sector, the leaders are: Wrigten, Atlas Copco, Liebherr, Joy Mining Machinery, Hitachi, Komatsu, Terex, Ranson Rappier, Bucyrus Erie and DBT. Out of these companies, DBT does not have any technology transfer and neither is it manufacturing in India. Joy Mining Machinery has a small operation in India to manufacture spares and provide sales support. However, these are the two leaders in continuous mining and long wall equipment in the world. In the construction equipment sector, the level of technology prevalent internationally can be made available in India through joint ventures. However, the equipment currently being manufactured in India is not of the same size. For example for a 15 Cu.M. hydraulic shovel, the manufacturers do not feel the need to bring in the technology due to low volumes and uncertain demand though the companies have the manufacturing facilities and design capabilities to manufacture the same in India. Some of the other reasons for not manufacturing the latest equipment are: The Indian market cannot absorb the cost of the latest technology If manufactured in India for export markets, most of the components will have to be imported Equipment adhering to the latest emission norms cannot be used since the quality of fuel required for them is yet to be made available here. At the same time, off highway construction and mining equipment do not need stringent emission norms in India. The construction equipment sector in India has evolved over the years and is at present in an intermediate stage of development. The industry is trying to bring in international levels of technology as demand and the scale of operation increases. The users are now not looking at only the initial cost of the equipment, but focusing on total costing, or cost per ton of usage. It is anticipated that 5 years hence, the need for more and more mechanization and enhancement of scale may lead to change in the level of technology in use. Advances in technology have allowed an increase in haul truck and rope shovel size. For example haul trucks are now being manufactured upto 400 tons capacity. Here the increased machine size has provided an opportunity for increased production. 2.5 Management Effieciency The industry is quite mature in terms of marketing abilities as compared to the other sectors of the capital goods industry. Majority of the companies have strategic planning programmes in place and have well chalked out business strategies at all levels. In order to enhance their market share, companies need to improve quality and service followed by reduction in costs, increase in product range and finally adopt more aggressive marketing strategies. The competitive edge lies in satisfying customers by delivering higher quality products at lower prices. Strategic alliances are already in place among 60% of the companies surveyed. These are primarily focused on developing and combining competencies with the help of other organizations in terms of marketing, after sales service etc. Only 45% of the companies are interested in growth through mergers and acquisitions. The level of quality consciousness is on an average higher than the other sectors probably ecause the companies are larger and many of them are associated with international companies either for manufacturing or marketing their products. Another reason for higher quality consciousness is that more companies in this sector are well versed with the soft technologies being used worldwide for enhancing competitiveness and quality. Approximately 90% of the companies covered under the study have either implemented, or are implementing soft technologies like six sigma, lean manufacturing etc. 100% of the companies manufacturing in India are ISO certified. It was noticed that the percentage of scrap due to errors in manufacturing is between 2% 5% and the percentage of labour hours spent on reworking was 4%. All the manufacturing companies train their workers on quality concepts. However the percentage of workers who received company sponsored training on quality concepts in the past two years varied from 20% to 100% in some companies. The average number of hours per person of training provided was approximately 16 hours per person varying from 6 hours to 35 hours per person per annum. Most of the companies were quite responsive to customer complaints and the average number of days taken to respond varied from  ½ a day to 5 days in some companies. More than 70% of the companies have undergone business process reengineering for higher customer satisfaction. It has been observed that the majority of the companies in this sector are between medium and high users of computerization. This level of computerization is also comparatively high compared to the other sectors of the capital goods industry. Yet the percentage of IT expenditure to sales in the last one year i.e. 2004-05 was a meagre 0.5% of the total sales i.e. Rs.32 crores was invested by the industry towards computerization either for ERP / SCM / CRM. ERP or enterprise resource planning is an industry term for the broad set of activities supported by multi product application software that helps a manufacturer to manage the important functions of its business including product planning, parts purchasing, maintaining inventories, interaction with suppliers, providing customer service and tracking orders. Supply Chain Management (SCM) is the management of the entire value added chain, from the supplier to manufacturer right through to the retailer and the final customer.SCM has the primary goal of reducing inventory, increasing the transaction speed by exchanging data in real time and increasing sales by implementing customer requirements more efficiently. CRM (Customer Relationship Management) entails all aspects of interaction a company has with its customers, whether it be sales or service related. CRM is an information industry term for methodologies, software and usually internet capabilities that help an enterprise manage customer relationships in an organized way. Companies need to be in constant touch with their customers over the electronic media. The percentage of companies using ERP solutions is high with quite a significant number also using CRM for better customer relationship management. However, all the players need to be better integrated with both their suppliers and customers to strive to be the market leader. After-sales service is an important aspect of a company’s successful business strategy because all customers would like higher productivity and utilization from their machines in order to be cost competitive. Hence this is an area no company can afford to ignore or accord a lower priority to. All the companies surveyed whether manufacturing, or trading, offered after-sales service to their customer and it was also noted that 70% of them have entered into this field in the last ten years. Equipment manufactured by the industry is mostly mobile and hence subjected to higher wear and tear and consequently maintenance requirements are higher. Users rate machines with lower downtime higher. Hence, training of maintenance personnel both of manufacturers as well as users’ is a very important aspect of managing customer relationships. This is also evident from the fact that all the companies spent on training and the majority of them (60%) spent more than Rs.1 lakh per month. O nly 40% of the companies spent less than Rs.10 lakh per annum on employee training. The average response time for responding to customer calls is 24 to 48 hours and in premium service contracts it varied between 12 to 36 hours. 91% of the maintenance calls were completed within the specified time frame. From the user feedback, it emerged that the deliveries of most of the companies were delayed. Hence many customers preferred to import second hand machines. Scheduling is therefore required to be strictly followed by all the companies for manufacturing, and approximately 90% of them use one, or the other software to enhance efficiency in manufacturing. Yet the percentage of companies where the shipments are before/within the due date is very low at only 50%. A clear distinction was noticed in terms of reasons for late delivery. Companies predominantly manufacturing construction equipment have attributed more than 70% of their late deliveries to delay in customer clearance. The reason for late deliveries is attributed mainly to the growth in domestic demand, which was not foreseen earlier by the companies. Delays were therefore mainly attributed to capacity constraints. A fall out of delayed delivery has been higher imports both for new machines, as well as second hand machines. This issue can be tackled by enhancing capacity of both the manufacturers and their sub-suppliers, tighter monitoring and scheduling and by greater usage of ERP / SCM. Benchmarking With International Companies Some broad indications in terms of benchmarking of the industry on the basis of financial parameters have been done against a few global players. The companies against which Indian companies have been benchmarked are Caterpillar, Komatsu and Volvo. They are the leaders in their respective fields. 2.6 Operational Efficiency Financial Parameters The CII survey results showed that there has been a good growth rate in terms of sales due to the higher investments by the user sectors. Though exports have also risen, the percentage of exports to sales is low due to lack of competitive advantage of machines built with indigenous technology. Wherever machines are built under technology transfer, companies face restrictions on the export market territory from the technology provider. The power consumed to sales has shown a decline because all companies are now conscious about energy conservation and use various methods like automatic switching of systems and higher efficiency / low consumption electrical appliances etc. Value added for an industry is the difference between the value of the output and the value of the input namely raw materials bought outs. In other words we can attribute this difference to the value added to the product by the company. The value addition has risen over the years because more manufacturing has taken place in 2003-04 in place of trading as compared to the earlier years. It has again shown a fall due to the rising raw material prices in 2004-05. Inventory on an average was found to be 26 percent of net sales. Average Turnover of Inventory for 2004-05 was found to be 4. The international benchmark is between 5 7. The number of days sales outstanding is on an average within 90 days, which is at par with the engineering industry. This is also in keeping with international trends. Cost of wages to sales was found to be 11.8 percent in 2004-05. The range varied from a low of 3 percent to a high of 28 percent. For Caterpillar Inc. the ratio was 19.8 percent. The employee productivity is fairly low as compared to international companies. Sales per employee on an average for the industry was found to be Rs.35 lakhs but for the manufacturing companies it was found to be Rs.32.5 lakhs. This is the reason why though the cost of wages per employee is very low at Rs.4 lakhs, the lower productivity of the employee offsets the advantage. The value added per employee was only Rs.11 lakhs. The global standards for employee productivity i.e. sales per employee is in the range of Rs.160-175 lakhs. Profitability The industry in India witnessed a tremendous jump in profitability in 2004-05 over 2003-04. The return on capital employed is 24 percent and has increased by 85 percent over 2003-04. The PBIT has increased Indias Construction Equipment Industry Analysis Indias Construction Equipment Industry Analysis Abstract This research was an attempt to assess the current status of Indian construction equipment industry and the underlying opportunities and challenges. However, the aspects and objectives that were dealt in the research are; the current structure, status, competition, financing opportunities and challenges of Indian construction equipment industry. The research was conducted wholly based on secondary data. Following are the key findings of the research. Indian construction industry has entered into a new phase, where prospect of the industry appears extraordinary bright. Indian construction equipment industry is passing through a phase of hurried renovation, where the shifting is taking place from low volume concentrated use of equipment structure to high volume explicit one. Apart from these, the current and future trend also shows that the key segments of construction equipment that will have potential market prospects are excavators, loaders, dozers, dumpers and cranes. The growth of Indian construction equipment industry is the outcome of the fast liberalization and globalization of the Indian economy and the construction sector. The real competition in Indian construction equipment industry has been created by foreign players such as Volvo, Komatsu and many others. These companies are leaving no stone unturned to exploit the opportunities in Indian industry. The industry is at the critical juncture (particularly for domestic players) and therefore companies need to equip with safety measures in relation to post WTO market setting. Introduction (Chapter 1) 1.1 Indian Construction Equipment Industry Background Historical Trends Construction and mining equipment cover a variety of machinery such as hydraulic excavators, wheel loaders, backhoe loaders, bull dozers, dump trucks, tippers, graders, pavers, asphalt drum / wet mix plants, breakers, vibratory compactors, cranes, fork lifts, dozers, off-highway dumpers (20T to 170T), drills, scrapers, motor graders, rope shovels etc. They perform a variety of functions like preparation of ground, excavation, haulage of material, dumping/laying in specified manner, material handling, road construction etc. These equipment are required for both construction and mining activity. With a wide production capacity base, India is perhaps the only developing country, which is totally self-reliant in such highly sophisticated equipment. India has only a few, mainly medium and large companies in the organized sector who manufacture these. The technology barriers are high, especially with respect to mining equipment and therefore the role of SME’s is restricted to manufacture of components and some sub-assemblies. Prior to the 1960s, domestic requirements of mining and construction equipment were entirely met by imports. Domestic production began in 1964 with the setting up of Bharat Earthmovers Ltd. (BEML), a public sector unit of the Ministry of Defence, at Kolar in South India to manufacture dozers, dumpers, graders, scrapers, etc. for defense requirements under licence from LeTorneau Westinghouse, USA and Komatsu, Japan. In the private sector, the Hindustan Motors’ Earthmoving Equipment Division, was established in 1969 at Tiruvallur, near Chennai with technical collaboration from Terex, UK for manufacture of wheel loaders, dozers dumpers. This factory has since been taken over by Caterpillar for their Indian operations. The machines manufactured by Caterpillar in the Tiruvallur factory are marketed by TIL and GMMCO. In 1974, LT started manufacturing hydraulic excavators under license from Poclain, France. In 1980 and 1981, two more units, Telcon and Escorts JCB commenced manufacture of hydraulic excavators (under license from Hitachi, Japan) and backhoe loaders (under license from JCB, UK) respectively. Escorts JCB has been taken over by JC Bamford Excavators Ltd. U.K. in 2003 and is now called JCB India Ltd. Volvo and Terex Vectra is the most recent entrants in the Indian market. Volvo has set up their manufacturing unit in Bangalore. At present they are only manufacturing tippers and the other equipment are imported from their parent company and marketed in India. Terex Corporation USA and Vectra Ltd. U.K. have formed a joint venture, which has started manufacturing construction equipment like backhoe loaders and skid steer loaders from May ’04 at Greater Noida with an investment of USD 12 million. Other equipment in the Terex range are being sold through their agents in India. Most of the technology leaders like Case, Caterpillar, Hitachi, Ingersoll-Rand, JCB, John Deere, Joy Mining Machinery, Komatsu, Lieberr, Poclain, Terex, Volvo are present in India as joint venture companies, or have set up their own manufacturing facilities, or marketing companies. The industry has made substantial investments in the recent past for setting up manufacturing bases, despite small volumes and uneconomic scales of production compared to global standards. 1.2 Aims and Objective and of The Study This research was aimed to assess the current status of Indian construction equipment industry and the underlying opportunities and challenges. The research was conducted on the foundation of following objectives To assess the current structure, status and direction of the Indian construction equipment industry. To assess the competition in Indian construction equipment industry To assess the financing of Indian construction equipment industry To assess the opportunities and challenges of Indian construction equipment industry To develop strategies for competitors (domestic players) in Indian construction equipment industry. To assess the technology, managerial, operational, of the Indian construction equipment industry. Literature Review Chapter 2 2.1 Introduction Construction equipment is machinery used to build and demolish bridges, buildings and other structures. These machines usually save labor, time and money. One of them can do more work in an hour than a hundred of workers using hand tools could do in a day. The chief kinds of building machines include earthmoving machineries hoisting, material handling machines and pumping machines. Other construction machinery used are for preparing the land and materials for construction. Demolishing machines are used to demolish structures and buildings. The Indian construction equipment industry today faces stiff competition, great opportunities and challenges, but India has a total command over all these things as according to confederation of the Indian industry report, 2005 as for engineering and capital goods base. The Indian engineering manufacturing sector has been growing at the rate of about 5.9% in the nineties. India today produces a variety of machinery whose range is quiet wide and deep. Rapidly increasing construction sector has been the indication of good times for companies manufacturing construction equipments. This project discusses the Construction Equipment industry in India. The structure of Construction Equipment industry in India has been well and truly detailed and mentioning all the requisite facts and figures. Also mentioned are all the factors influencing the Construction Equipment industry in India. A special mention of the suppliers list is made as suppliers are the inseparable part of the Construction Equipment industry in India. The important suppliers are JCB, Atlas, BEML, Caterpillar, Ditchwitch, Komatsu , Ashok Leyland, Escorts, Greaves Cotton, Ingersoll Rand, TETRA, Volvo, Besides all these Indian Equipment Financing companies such as Business Financing, SREI, HDFC , GE Capital, Indian Financial Services have also received requisite expression in this project. Also discussed at the end is about Construction Equipment industry in India facing problems, challenges and opportunities and its future. What India need is better infrastructure in order to progress. The government has also embarked upon massive road and pavement construction projects such GOLDEN QUADRILATERAL connecting / interlinking all four metro cities like Delhi, Mumbai. Kolkatta and Chennai The government decision to throw open the construction of roads, bridges, ports and airports to private sector and to allow 100% FII / FDI (Foreign Investments) in real estate projects like (EMAAR) has provided a boost to the industry thereby generating demand for construction machineries. Housing and infrastructure projects are expected to grow about 20% per annum for the next 15 years. 2.2 Current Status of The Industry Ramping up quality and quantity The Construction equipment industries are the biggest beneficiaries of the construction boom. Although the past few years have seen increased levels of mechanization and improved quality, Indian construction equipment and materials are still below international standards. The current status of the construction equipment industry is discussed below. The size of the construction equipment market current stands at between $2.5 billion and $3 billion and it is growing at an average rate of about 30 per cent year on year. It is expected that the industry will expand to $12-13 billion by 2015, including $2-3 billion of exports. This implies annual compounded growth rates in excess of 50 per cent between 2008 and 2015. The largest share of that growth will come from the domestic market driven on the demand side by increased infrastructure spending and on the supply side by the industry’s drive to increase mechanization and equipment penetration. The rest of the growth will come from the exports of components, services and equipment. The key infrastructure sectors that are expected to drive demand are roads, urban and residential construction and mining. Amongst the three modes of procuring equipment in India –that is, buying, leasing or renting – leasing is the most popular. While renting is suitable for projects of shorter duration, buying involves huge upfront payments. Constructions and mining equipment is manufactured by a few medium and large companies in the organised sector. The role of small and medium enterprises is restricted only to manufacturing of components and some sub-assemblies. Domestic production began in 1964 with the setting up of Bharat Earth Movers Limited (BEML), which is engaged in the manufacturing of dozers, dumpers, graders, scrapers, etc., for defence requirements. Some of the key players manufacturing equipment for the Indian market are LT, Telcon, Escorts, JCB India Limited, Ingersoll Rand, Greaves, Caterpiller, Komatsu, Joy Mining Machinery, Case, John Deere, Lieberr, Poclain, Volvo and Terex Vectra. These companies are present either through joint ventures, or have set up their own manu facturing facilities or have a marketing presence. BEML supplies equipment to nearly half the total market. Companies such as BEML and Caterpillar are leaders in dumpers and dozers while Larsen Toubro – Komatsu and Telcon lead in excavators and JCB India in backhoe loaders. In the last few years there has been some restructuring through acquisitions and joint ventures, which in turn, has reflected the interest of international majors in the domestic market. Many international players have also appointed selling agents for importing and selling equipment in India. Despite the growth, there are some inherent problems faced by the construction equipment industry. In India, the demand for construction equipment is more than the supply. Hence, most leading manufacturers have invested in India for manufacturing to meet this gap. The industry is trying to induct international levels of technology as demand and the scale of operations increases. However, the levels of mechanisation continue to be low compared to the international market. This is primarily because the Indian market cannot absorb the cost of latest technology. Since most the construction equipment is hydraulically operated, the Indian construction equipment industry has to predominantly depend on imports, primarily from European countries. The fluctuations of foreign exchange rates and the non-availability of adequate quantities of equipment are other constraints. Construction equipment manufacturers also struggle to cope with the low availability of trained manpower, not only for producing equipment but also for operation and maintenance. Manufacturers are doing their best to train not only their own employees but also customer’s operators and services technicians. Indirect taxes on construction equipment are quite high. These range between 21 and 38 per cent, based on interstate differences, compared to 20 per cent in France and Germany and between 12 and 17 per cent in Indonesia. The government could reduce this tax burden by eventually replacing all indirect taxes such as excise, sales tax, octroi and entry tax with a single tax. It is true construction companies have ramped up significant capacities in terms of equipment over the past few years. However, due to rapid growth, there is still a mismatch of supply and demand in terms of construction equipment. Delays in deliveries of equipment result in delayed mobilization and completion of projects. Further, prices of construction equipment have steadily increased over the past few years, partly due to the high demand, and partly due to increase in input costs. Domestic equipment has a 10-15 per cent higher downturn than imported machines. There is also a lack of skilled manpower to operate and maintain machines as the industry is largely dependent on unskilled labour. Another major issue that has becomes apparent is the financing of construction equipment. The concept of renting equipment has been mooted but the rental market in India is not very well developed. At present, there are very few players and tax issues also play a major role in this industry. The very first equipment bank in India –Quipo- has been fairly successful. However, with more world leaders expected to enter the renting domain and various models being worked out by rental companies, the situation is expected to improve in the future. In the future, one can expect major global manufacturers to enter the equipment arena by producing India-specific products while addressing factors such as quality, cost to customer and delivery. It is also essential to make available the easy hiring of equipment through a ready stock of good quality equipment. The last few years have witnessed a phase of restructuring in the industry through acquisitions and joint ventures. This also reflects the active interest of international majors in the domestic market. Many international players have also appointed selling agents for importing and selling complete equipment in India. The construction and mining equipment industry is dominated by a few large manufacturers in each product segment. BEML supplies to nearly half the total market. BEML and Caterpillar lead in dumpers and dozers while LT-Komatsu and Telcon lead in excavators and JCB India in backhoe loaders. 2.3 Structure of The Industry 71% of the sector comprises of public limited companies including PSU’s and 29% private limited, or joint ventures including closely held private limited companies.75% of the companies manufacturing in India were involved in the entire range of activities like design and engineering, manufacturing, erection, servicing and commissioning. There are only a few companies who act as selling agents for international players. There are others who manufacture and also import complete equipment or in SKD condition from their principals abroad and market them. Since each piece of the equipment in this product category has substantial value, a number of companies have a turnover of over 100 crores and the larger ones have a turnover above Rs.1000 crores. The technology barriers have made the industry less fragmented in the mining machinery sector whereas it is fragmented in the road construction equipment and the material-handling segments. The international trend in the earthmoving and mining segment is one of consolidation. This trend is also beginning to be seen in India. Some international companies are looking at the prospects of enhancing their market presence based on higher investment in mining and infrastructure and also using their Indian operations to meet demand in South and South East Asia. The industry’s expectations of the likely future evolution in this sector is represented here in graphical form. Most of the current players expect that new players will enter the Indian market. There is great need for improving infrastructure as it has been accentuated by the rapid growth in economy. Of late many development authorities, State government and even companies have started investing in infrastructure development projects. Though the volume of construction equipment in India is far too small compared to countries like china and also by global standards, India does produce a variety of construction equipments such as the earthmoving machinery used to excavate, land and level earth and rock, tractors, trailers, wagons, crawler tractors, bulldozers, scrapers, shovels, draglines, heisting and material handling machinery such as cranes and derricks, material lifts, pumping machines, demolition machinery and machinery used to prepare land and materials for construction. Today, there is much emphasis on infrastructure development. The government spends very little on infrastructure with the result India sells very little of any category of construction equipment. It is shocking to learn that china sells 10,000 excavators energy year but in India, we sell only about 1500. In terms of volume, the construction equipment industry is worth Rs. 4,000 crore. Whether it is roads, bridges, ports, airports, urban infrastructure, or power plants- civil construction has a very important role to play. The use of modern tools enables productive work. The rapidly increasing construction sector has been the forerunner of good times for companies manufacturing construction machineries and equipment. There has been a flow of demand for transit concrete mixers, bar- bending and cutting machines, excavators and backhoes and earth rammers on account of the substantial increase in real estate and construction activities. New and expanding housing and infrastructure construction ventures have generated a considerable demand for construction machinery manufacturing and servicing together with erection, commissioning and maintenance. More and more multinational companies are now entering the Indian market on their own strength, whereas previously the trend was to forge joint venture associations with Indian companies. Also, a major portion of the annual budget has been invested by the Central government in infrastructure, irrigation and mining projects across the country. Due to all these factors these has been a substantial increase in the utilization of construction machinery. The boom in the requirement of construction machinery has brought us several large orders from west Asian and African countries. Thus the exporters of construction machineries too have a boom period. Most of them have made huge profits due to the threefold increase. The demand for construction equipments has also risen because of major Indian construction works working on overseas projects. 2.4 Technology The construction equipment sector has a wide range of products The technology leaders in the construction equipment sector are: Komatsu,Caterpillar, Hitachi, Terex, Volvo, Case, Ingersoll-Rand, HAMM, Bomag, John Deere, JCB, Poclain, Bitelli, Kobelco, Hyundai and Daewoo. Except for the last 3, all the other companies are present in India either as joint ventures, or have set up their own manufacturing facilities, or marketing companies. In the mining sector, the leaders are: Wrigten, Atlas Copco, Liebherr, Joy Mining Machinery, Hitachi, Komatsu, Terex, Ranson Rappier, Bucyrus Erie and DBT. Out of these companies, DBT does not have any technology transfer and neither is it manufacturing in India. Joy Mining Machinery has a small operation in India to manufacture spares and provide sales support. However, these are the two leaders in continuous mining and long wall equipment in the world. In the construction equipment sector, the level of technology prevalent internationally can be made available in India through joint ventures. However, the equipment currently being manufactured in India is not of the same size. For example for a 15 Cu.M. hydraulic shovel, the manufacturers do not feel the need to bring in the technology due to low volumes and uncertain demand though the companies have the manufacturing facilities and design capabilities to manufacture the same in India. Some of the other reasons for not manufacturing the latest equipment are: The Indian market cannot absorb the cost of the latest technology If manufactured in India for export markets, most of the components will have to be imported Equipment adhering to the latest emission norms cannot be used since the quality of fuel required for them is yet to be made available here. At the same time, off highway construction and mining equipment do not need stringent emission norms in India. The construction equipment sector in India has evolved over the years and is at present in an intermediate stage of development. The industry is trying to bring in international levels of technology as demand and the scale of operation increases. The users are now not looking at only the initial cost of the equipment, but focusing on total costing, or cost per ton of usage. It is anticipated that 5 years hence, the need for more and more mechanization and enhancement of scale may lead to change in the level of technology in use. Advances in technology have allowed an increase in haul truck and rope shovel size. For example haul trucks are now being manufactured upto 400 tons capacity. Here the increased machine size has provided an opportunity for increased production. 2.5 Management Effieciency The industry is quite mature in terms of marketing abilities as compared to the other sectors of the capital goods industry. Majority of the companies have strategic planning programmes in place and have well chalked out business strategies at all levels. In order to enhance their market share, companies need to improve quality and service followed by reduction in costs, increase in product range and finally adopt more aggressive marketing strategies. The competitive edge lies in satisfying customers by delivering higher quality products at lower prices. Strategic alliances are already in place among 60% of the companies surveyed. These are primarily focused on developing and combining competencies with the help of other organizations in terms of marketing, after sales service etc. Only 45% of the companies are interested in growth through mergers and acquisitions. The level of quality consciousness is on an average higher than the other sectors probably ecause the companies are larger and many of them are associated with international companies either for manufacturing or marketing their products. Another reason for higher quality consciousness is that more companies in this sector are well versed with the soft technologies being used worldwide for enhancing competitiveness and quality. Approximately 90% of the companies covered under the study have either implemented, or are implementing soft technologies like six sigma, lean manufacturing etc. 100% of the companies manufacturing in India are ISO certified. It was noticed that the percentage of scrap due to errors in manufacturing is between 2% 5% and the percentage of labour hours spent on reworking was 4%. All the manufacturing companies train their workers on quality concepts. However the percentage of workers who received company sponsored training on quality concepts in the past two years varied from 20% to 100% in some companies. The average number of hours per person of training provided was approximately 16 hours per person varying from 6 hours to 35 hours per person per annum. Most of the companies were quite responsive to customer complaints and the average number of days taken to respond varied from  ½ a day to 5 days in some companies. More than 70% of the companies have undergone business process reengineering for higher customer satisfaction. It has been observed that the majority of the companies in this sector are between medium and high users of computerization. This level of computerization is also comparatively high compared to the other sectors of the capital goods industry. Yet the percentage of IT expenditure to sales in the last one year i.e. 2004-05 was a meagre 0.5% of the total sales i.e. Rs.32 crores was invested by the industry towards computerization either for ERP / SCM / CRM. ERP or enterprise resource planning is an industry term for the broad set of activities supported by multi product application software that helps a manufacturer to manage the important functions of its business including product planning, parts purchasing, maintaining inventories, interaction with suppliers, providing customer service and tracking orders. Supply Chain Management (SCM) is the management of the entire value added chain, from the supplier to manufacturer right through to the retailer and the final customer.SCM has the primary goal of reducing inventory, increasing the transaction speed by exchanging data in real time and increasing sales by implementing customer requirements more efficiently. CRM (Customer Relationship Management) entails all aspects of interaction a company has with its customers, whether it be sales or service related. CRM is an information industry term for methodologies, software and usually internet capabilities that help an enterprise manage customer relationships in an organized way. Companies need to be in constant touch with their customers over the electronic media. The percentage of companies using ERP solutions is high with quite a significant number also using CRM for better customer relationship management. However, all the players need to be better integrated with both their suppliers and customers to strive to be the market leader. After-sales service is an important aspect of a company’s successful business strategy because all customers would like higher productivity and utilization from their machines in order to be cost competitive. Hence this is an area no company can afford to ignore or accord a lower priority to. All the companies surveyed whether manufacturing, or trading, offered after-sales service to their customer and it was also noted that 70% of them have entered into this field in the last ten years. Equipment manufactured by the industry is mostly mobile and hence subjected to higher wear and tear and consequently maintenance requirements are higher. Users rate machines with lower downtime higher. Hence, training of maintenance personnel both of manufacturers as well as users’ is a very important aspect of managing customer relationships. This is also evident from the fact that all the companies spent on training and the majority of them (60%) spent more than Rs.1 lakh per month. O nly 40% of the companies spent less than Rs.10 lakh per annum on employee training. The average response time for responding to customer calls is 24 to 48 hours and in premium service contracts it varied between 12 to 36 hours. 91% of the maintenance calls were completed within the specified time frame. From the user feedback, it emerged that the deliveries of most of the companies were delayed. Hence many customers preferred to import second hand machines. Scheduling is therefore required to be strictly followed by all the companies for manufacturing, and approximately 90% of them use one, or the other software to enhance efficiency in manufacturing. Yet the percentage of companies where the shipments are before/within the due date is very low at only 50%. A clear distinction was noticed in terms of reasons for late delivery. Companies predominantly manufacturing construction equipment have attributed more than 70% of their late deliveries to delay in customer clearance. The reason for late deliveries is attributed mainly to the growth in domestic demand, which was not foreseen earlier by the companies. Delays were therefore mainly attributed to capacity constraints. A fall out of delayed delivery has been higher imports both for new machines, as well as second hand machines. This issue can be tackled by enhancing capacity of both the manufacturers and their sub-suppliers, tighter monitoring and scheduling and by greater usage of ERP / SCM. Benchmarking With International Companies Some broad indications in terms of benchmarking of the industry on the basis of financial parameters have been done against a few global players. The companies against which Indian companies have been benchmarked are Caterpillar, Komatsu and Volvo. They are the leaders in their respective fields. 2.6 Operational Efficiency Financial Parameters The CII survey results showed that there has been a good growth rate in terms of sales due to the higher investments by the user sectors. Though exports have also risen, the percentage of exports to sales is low due to lack of competitive advantage of machines built with indigenous technology. Wherever machines are built under technology transfer, companies face restrictions on the export market territory from the technology provider. The power consumed to sales has shown a decline because all companies are now conscious about energy conservation and use various methods like automatic switching of systems and higher efficiency / low consumption electrical appliances etc. Value added for an industry is the difference between the value of the output and the value of the input namely raw materials bought outs. In other words we can attribute this difference to the value added to the product by the company. The value addition has risen over the years because more manufacturing has taken place in 2003-04 in place of trading as compared to the earlier years. It has again shown a fall due to the rising raw material prices in 2004-05. Inventory on an average was found to be 26 percent of net sales. Average Turnover of Inventory for 2004-05 was found to be 4. The international benchmark is between 5 7. The number of days sales outstanding is on an average within 90 days, which is at par with the engineering industry. This is also in keeping with international trends. Cost of wages to sales was found to be 11.8 percent in 2004-05. The range varied from a low of 3 percent to a high of 28 percent. For Caterpillar Inc. the ratio was 19.8 percent. The employee productivity is fairly low as compared to international companies. Sales per employee on an average for the industry was found to be Rs.35 lakhs but for the manufacturing companies it was found to be Rs.32.5 lakhs. This is the reason why though the cost of wages per employee is very low at Rs.4 lakhs, the lower productivity of the employee offsets the advantage. The value added per employee was only Rs.11 lakhs. The global standards for employee productivity i.e. sales per employee is in the range of Rs.160-175 lakhs. Profitability The industry in India witnessed a tremendous jump in profitability in 2004-05 over 2003-04. The return on capital employed is 24 percent and has increased by 85 percent over 2003-04. The PBIT has increased

Alfred Hitchcocks Rear Window Essay examples -- Film Movies

Alfred Hitchcock's Rear Window In Rear Window, Alfred Hitchcock took a plot-driven short story and transformed it into a character-driven movie. Although differences must exist between text and film, because of the limitations and advantages of the different media, Hitchcock has done more than translate a word-based story into a visual movie. Aside from adding enough details to fill a two-hour movie, Hitchcock has done much to change the perspective of the story, as well as the main character. The novel’s Hal Jeffries, a seemingly hard-boiled and not overly intellectual man contrasts sharply with the photojournalist J.B. Jeffries of the movie. The addition of supporting characters, such as Lisa, diminishes somewhat the loneliness of the short story character. The character in the short story has more in common with Humphrey Bogart’s Sam Spade than with Jimmy Stewart’s Jeff. That Hitchcock took a story written in a style similar to Dashiell Hammett or Raymond Chandler, and cho se not to make a film noir detective story speaks much to Hitchcock’s purpose here. Rather than creating a conventional detective story, Hitchcock creates an everyman, whose injury prevents him from action. The impotence the character feels heightens the tension of the film, as well by forcing the viewers to identify with his frustration. The movie disguises the many of the darker moments with humor, a device commonly used to lessen the shock of less acceptable aspects of a story. While the story was merely the narrative of one man, the film portrays different concepts of, and stages of love, in the images of the people across the way. The story is a guiltily related narrative of one man’s voyeurism, repeatedly rationalized by him. B... ...that we, not Jeff, have been spying on the neighbors across the way. While both the story and the film contain aspects of voyeurism, as well as a physically limited character, Hitchcock’s film does more than simply add enough filler to complete a movie. He adds facets to the character not included in the story. He provides the character with a career and social life and motivation. Additionally, Hitchcock uses the visual aspects of the film to convey more about the characters. By associating Thorwald with the color red, and using light and shadow to highlight Jeff’s ambivalence about Lisa, we get hints about how we are supposed to feel about the various characters. Hitchcock has taken an adequate short story and transformed it into a fascinating and funny character study that seems to comment on the isolation of life in a modern urban environment.

Hamlet †Ghost’s Speech †Act 1 Essay

In the beginning of the play, the reader is introduced to the disorder in Denmark, a prevalent motif. The mysterious death of the king spurred the disorder, and the prospect of revenge was magnified by the supposed appearance of the late King Hamlet’s ghost. The ghost’s appearance and subsequent speech intensify the disorder by validating the reader’s suspicion of Claudius as a murderer and an incestuous, adulterous serpent. Hamlet is torn by this revelation, and responds with justified drama. Thus far Hamlet had a few reasons to hate Claudius; the ghost’s message emboldened everything he had suspected and even added to it. Previously in Act One, Hamlet had criticized Claudius for a few major grievances: for being opportunist upon the death of his father by marrying his newly widowed mother in order to seize the throne instead of Hamlet, for not properly mourning the king by waiting just a month to take his wife, and for acting like an animal by behaving in an incestuous and lustful manner. By playing on many of the same metaphors as Hamlet and bringing forth new claims too, the ghost- whose word the reader takes as truth- bolsters Hamlet’s claims. In the ghost’s rhetoric, Claudius is an unnatural, murderous â€Å"serpent†.(sc. 5 ln. 43) As a â€Å"fat weed,† his parasitic nature is apparent and matches Hamlet’s assessment of the situation as an â€Å"unweeded garden.† (sc. 5 ln. 39) (sc. 2 ln. 139) Later, the ghost goes on to describe â€Å"lewdness† courting â€Å"virtue† in Claudius’ despicable new relationship.(sc. 5 ln. 60-1) To Hamlet and the ghost, the new union is an embodiment of evil though it holds an honorable, royal position. The royal bed is now a couch for luxury and incest. (sc 5. ln.89-90) The queen has been corrupted by â€Å"wicked wit and gifts† and succumbed by what almost sounds like magic. (sc. 5 ln. 51) This too plays on the motif of unnatural existence in â€Å"Hamlet† as exemplified by the ghost. The ghost refers to public opinion as â€Å"the ear of Denmark.† (sc.5 ln.43) By misleading this one representative ear, the entire country has been misled.  The ghost then furthers the ear imagery by describing how he was personally poisoned through his ear. This deception perpetrated by the current king adds to the sense of unrest. The late Hamlet was â€Å"sleeping within (his) orchard,† an emphatically innocent action, as the juice was poured into his ear and coursed through his body like quicksilver. (sc. 5 ln. 66) The poison â€Å"tetter(ed)†¦about†¦with vile and loathsome crust.† (sc. 5 ln.78-79) This vivid and gory description adds to the sense of decay and discord. As Marcellus put it, â€Å"something is rotten in the state of Denmark.† (sc.4 ln. 100) Then the ghost talks about how that napping time was his â€Å"secure hour.† (sc.5 ln. 68) This describes the feeling of routine that once existed in the kingdom. Now time is cursed and nothing is happens in a proper time because of Claudius’ unnatural murder. The senses of touch and sight are very important in this speech. The ghost carefully describes how things looked and felt to actualize his feelings to Hamlet and the reader. When describing the queen, he uses a prickly set of descriptive words. She isn’t just part of a cursed union, she has â€Å"thorns that in her bosom lodge to prick and sting her,† by some heavenly will. (sc, 5 ln. 94-5) Additionally, the description of the poisoning is graphic to make it personal and real for Hamlet.

What Was the Most Important Reason for Punishing the Killers of James Bulger

What was the most important reason for punishing the killers of James Bulger? The James Bulger case was the trial of the two boys, John Venables and Robert Thompson who in Merseyside, Liverpool, on the 12th February 1993 abducted and Murdered a 2 year old boy named James Bulger. The two boys were 10 at the time, however, in court were charged and convicted as adults due to the wickedness of the crime and the detectives believing that the boys were simply innately evil, and couldn’t have possibly learnt such behaviour.The boys were originally given a sentence of 15 years however it was shortened to 8. But what was the most important reason for punishing the two killers? One of the reasons that the boys were punished was too to protect society. Personally I think that protection was an important reason to punish the boys, because they were clearly unstable, meaning that it was highly possible they could do a similar crime again.I think that not many people would disagree, and I think that parents of young children living in Merseyside would agree strongly, as they would feel their kids were highly unsafe knowing that there were people like them in their neighbourhood. Another possible reason for the punishment of the two boys was deterrence, or to put others off doing a similar crime by making an example of the boys. I generally think that deterrent is an important reason for punishment as it stops others from doing the crime.For example in Singapore you are fined for chewing gum, meaning there is a lot less gum on the streets, however in this case I think that deterrence should not have been one of the most important reasons for the punishment because it was an extremely unusual crime as most 10 year olds do not have the mind set to kill another child, therefor there would be almost nobody to put off from doing it in the first place, however if the court were trying to make the boys a deterrent; I don’t think they did a very good job, as the boys w ere only given 8 years (which I personally think was to little considering the nature of the crime ).I think some people may disagree with me and say that they should be made a deterrent as other kids might be influenced by their actions. Another possible aim for the punishment was to rehabilitate the boys and make them into contributing members of society through giving them one to one teaching ( paid for by tax payers ) despite it being better than most normal children’s education. Personally I think that they did not deserve a good education for committing such a horrific crime, many people agree with this as at the time people said â€Å"they were living a life of luxury†.I think some people might say that it was good to rehabilitate them so they could become normal members of society and get jobs. Which could be true as it has been proven that there are not enough genes in us to program behaviour. However I don’t think that the boys could have picked up tha t kind of behaviour, also the fact that they showed no remorse for what they had done after the trial, only strengthens my argument. One of the main aims of punishing the boys was retribution. The boys had to pay for what they had done.Personally I think that had they been given a longer sentence that would have been enough, however some people had more extreme views for example Ralph Bulger said he would hunt down the killers, and others admitted they would be willing to pay the price for revenge. However a lot of people would disagree especially the government, as they would not what people to take the law into their own hands. The final possible aim for the punishment was vindication, meaning the law must be upheld.I think this is important because they had to be punished because of their crime, if they had gone unpunished other people might think they could get away with it. I don’t think anybody would disagree with me. In conclusion I think that the most important reason for punishing John Venables and Robert Thompson was retribution, due to how horrific the crime was. Personally I think that they were pure evil, as they didn’t even try to help their own case by showing remorse for their actions.

Portlands Historic Union Station essays

Portland's Historic Union Station essays Portlands Historic Union Station has been a staple of transportation in the Northwest since it was built in 1896. Portland is a young city at just 150 years old, and Union Station has played a key role in making Portland what it is today. As Portland grew during the late 19th century because of its timber and livestock exports, coupled with the gaining popularity of railway travel, the city decided to construct a rail station that could serve as a major transportation hub for the region. Even with the creation of the Super Highway across the U.S., Union Station has continued to thrive as an important part of the cities transportation system. It also serves as a cherished landmark. Portlands Union Station has had a rich history throughout the years. However in order to completely understand the buildings meaning, factors such as cultural influences, design principles, economic forces, and its technological means must be examined. All buildings are constructed to fulfill needs. Union Station is no exception to this rule. Union Stations purpose is obvious in that it serves as a central part of Portlands expansive transportation system. Without a program, Union Station would be a mere piece of art. Union Stations purpose has never changed dramatically. It has always served as the major center of the cities railroad travel. Of course it had more usage before the creation of the Super Highway and the popularity of air travel, but it has always served the community and its purpose has stayed consistent. Union Station used to serve as the icon for fast and easy travel. Today people look at the Portland (PDX) airport as the fastest mode of travel. Union Stations usage has dropped over time but the people who use it have been the same. Travelers looking to get from place to place have always been the predominant force behind the creation and usage of this building. The program of Union Station is no...

Croatia essays

Croatia essays The Croatian society went through a lot of changes to get to where they are today. The Croatians have worked very hard and gone through a lot of suppression. I will start with a brief history, and then I will explain some of the customary traditions and expressions of the Croatian society. Croatia became a part of the Kingdom of Serbs, Croats and Slovenes against the will of its people after the crumbling of the Austrian-Hungarian Empire. For the first time, Croatia's self-governing practice was interrupted, with all activity of the Croatian parliament suspended and the Croatian state divided within the Kingdom. In 1928, Croatian representatives were shot in the Belgrade Assembly; among the killed were Croatian Peasant Party, Stjepan Radic. The following year, Serbian King Alexander Karadjordjevic proclaimed a royalist dictatorship. In 1939, the Banovina of Croatia was formed in the Kingdom of Yugoslavia. In 1941, after Germany occupied and partitioned the Kingdom of Yugoslavi a, the "Independent State of Croatia" was announced. Although the idea of Croatian statehood was supported, the majority of Croatians opposed the Axis occupation of Croatia and founded the anti-fascist movement under the leadership of Josip Broz Tito and Andrija Hebrang. The communist domination of Yugoslavia stifled the development of Croatian statehood and democracy after the war. In 1971, the Croatian democratic movement, known as the "Croatian Spring," was ended. The first free democratic elections were held in Croatia in April and May 1990. The Croatian Democratic Union (HDZ), led by its founder and President Dr. Franjo Tudjman, won the election on a platform that united all Croats around the idea of a sovereign, democratic state and national reconciliation. The first democratically elected Parliament was constituted on May 30, the day that has come to mark Croatian statehood. In the referendum held in May 1991, ninety-four percent of Croati...

Bystander Effect

The bystander effect is the name given to a social psychological phenomenon in cases where individuals do not offer help in an emergency situation when other people are present. It is a situational ambiguity; when we are confused about a situation and unconsciously interpret the event as if nothing is happening unusual. Some researchers have found that onlookers are less likely to intervene if the situation is ambiguous. We usually develop an illusion of normality. Because of the ignorance of other people in emergency situation; we also feel that nothing is so serious and it will be fine. One major factor of bystander effect is busy life and too much introvert behaviour. We rarely give a thought to stop and judge the situation and react accordingly. Some researchers have found that onlookers are less likely to intervene if the situation is ambiguous. There are couple of more reasons which are cause of bystander effect. One of them is feeling of being unqualified to interfere in such situation.We think that our knowledge for such situation is not enough to jump into and a fear arises inside which pushes us away from the situation. Because in first place we always want to put ourself in safe place. Also, we generally try to look the behaviour of other people to get tan idea of seriousness of the situation , other people’s reaction or action in emergency situation usually effects our thinking . This is called as social proof which we look for before getting into the situation. Social influence on our mind is the factor which plays critical role in our life.There are two major factors that contribute to the bystander effect. First, the presence of other people creates a diffusion of responsibility. Because there are other observers, individuals do not feel as much pressure to take action, since the responsibility to take action is thought to be shared among all of those present. The second reason is the need to behave in correct and socially acceptable ways. When other observers fail to react, individuals often take this as a signal that a response is not needed or not appropriate.The importance of taking responsibility explains why behaviours consistent with the bystander effect can be observed in situations even outside a typical crowd situation, such as a series of passers-by in a public place. Even though they may be alone at the time, the knowledge of others who are likely to pass by also can negate responsibility. In the case of Kitty Genovese, many of the 38 witnesses reported that they believed that they were witnessing a lovers quarrel, and did not realize that the young woman was actually being murdered.

A contextualised analysis of MORRISON (WM) SUPERMARKETS PLC Coursework

A contextualised analysis of MORRISON (WM) SUPERMARKETS PLC - Coursework Example In the United Kingdom there are a total of 92,796 grocery stores which are broadly classified into the following four categories namely Convenience stores, Traditional retail, Hypermarkets, Supermarkets and Superstore and Online Channel. Among these, hypermarkets, supermarkets and superstores are the largest in the UK (Li, 2008). Morrison WM Supermarkets PLC, a publicly traded company, is a supermarket chain which offers a wide range of goods including branded ones and its own labelled products. They are the fourth largest food retailer in the United Kingdom by sales with 439 stores across Britain and an annual turnover of  £16 billion. The main speciality of this chain of supermarkets is its high quality fresh food at great prices. Morrison WM Supermarkets PLC was founded in 1899 by William Morrison. The company has developed from a single egg and butter stall in Bradford and has turned into one of the best food retailers in the United Kingdom. Starting from a small stall in Bradf ord in 1899, a new produce depot was opened in 1976. The company took over Whelan Discount Stores and started operating in Lancashire for the first time in 1978. The first Morrisons distribution centre was opened in 1988 followed by the opening of second distribution centre in 1997. ... They are the fourth largest food retailer in the United Kingdom by sales with 439 stores across Britain and an annual turnover of ?16 billion. The main speciality of this chain of supermarkets is its high quality fresh food at great prices. Morrison WM Supermarkets PLC was founded in 1899 by William Morrison. The company has developed from a single egg and butter stall in Bradford and has turned into one of the best food retailers in the United Kingdom. Starting from a small stall in Bradford in 1899, a new produce depot was opened in 1976. The company took over Whelan Discount Stores and started operating in Lancashire for the first time in 1978. The first Morrisons distribution centre was opened in 1988 followed by the opening of second distribution centre in 1997. It was in February 2004 the company went national by opening a store in Scotland. Morrisons became the fourth largest retailer in the UK in March 2006 by opening UK’s first BioEthanol E85 filling pumps. The compan y has 700 tractors and 1700 trailers distributing to the stores across the country and it is now the largest supplier of apprenticeships in the United Kingdom. The following are deemed to be the four important reasons why they occupy a unique position in the grocery market: 1. Quality: They ensure control quality by owning their own production facilities. 2. Insight: They know what they are buying and where it comes from. 3. Value: They buy direct and pass savings on to the customer. 4. Flexibility: They get their food in store faster and react to the market more quickly. (Morrisons, 2011a) The company’s overall turnover is 17,663, 000 GBP, net income is 690,000 GBP, total assets is worth 9,859,000 GBP and the number of employees is 131,207, number of recorded shareholders is 86